SAI Computing LLC joint venture with Foundry Technologies
Company: Applied Digital
The claim, verbatim
Joint venture with Foundry Technologies to provide artificial intelligence and machine learning hosting services, with 98% ownership by Applied Digital
Source (primary)
Applied Digital 424B3 filed 2023-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On October 13, 2022, the Company entered into a joint venture agreement with Foundry Technologies, Inc. ("Foundry") to form SAI Computing, LLC ("SAI"). SAI will provide artificial intelligence and machine learning application customers with access to machines and a hosting environment. The Company has an 98% ownership interest in SAI and consolidates the entity.”
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Additional evidence
confirms Applied Digital 424B3 filed 2023-05-16
Quote: “On October 13, 2022, the Company entered into a joint venture agreement with Foundry Technologies, Inc. ("Foundry") to form SAI Computing, LLC ("SAI"). SAI will provide artificial intelligence and machine learning application customers with access to machines and a hosting environment. The Company has an 98% ownership interest in SAI and consolidates the entity.”